Dynagas LNG: Impressive Backlog And Attractive Yields On Preferred Units
DLNGDynagas LNG Partners LP(DLNG) Seeking Alpha·2024-02-14 04:35
sefa ozelIntroduction Dynagas LNG (NYSE:DLNG) is an LNG carrier owner. It has a fleet of six vessels with an average age of 13.3 years. Three have 150,000 cbm capacity and are equipped with steam turbines, and the other three have 155,000 cbm capacity and are fitted with TFDE (triple fuel diesel-electric) propulsion. The company is highly undervalued compared to its NAV and its backlog. DLNG trades at 25% PNAV. It seems a severe drawback that DLNG does not distribute dividends on its common shares and h ...